I have my own very way that I navigate the Bitcoin market, I'm a trader and also and investor, I have discovered the method that best suits my personality when it comes to Bitcoin trading and investment, I have Bitcoin that I don't fucking touch, no matter what the market is doing bull/bear market, whereas I have another portion of Bitcoin I have devoted to play with, meaning using this part of my Bitcoin to catch up the volatility of the Bitcoin price and make some box out of it, so far I have my investment portfolio intact, I'm not being bothered and until I have reached my investment goal.
This way I will not fall for any distraction I will be faced with concerning my investment portfolio.
Topic: I AM DCA-ING (Read 690 times)
The most important word in your post is "patience" there are a lot of people
out there who just have none, they want quick returns so DCA is not what they do.
And that makes them lose more instead of profiting. The attitude towards the market with this type of approach of being impatient and wanting tremendous gains overnight will always land them to the wrong investments and much worse, to a scam. I agree that being patient is always pays off and I have got that experience of being impatient in the past bull run and that surely paid me a bad experience that I've learned already. So for those that are like OP, it's best that even if you have little in your purse, keep on accumulating and it's always about the attitude of yours towards the market and the actions that you're doing for yourself to be prepared before the great bull run comes. out there who just have none, they want quick returns so DCA is not what they do.
BTC below $55k is a good opportunity to DCA. If anyone is expecting BTC to below $30k now or in the future then they are day dreaming. Institution got in massively in the range of $45k to $47k if I am not wrong.
I type the title twice because I am not sure if the word DCA-ing exist. I know of the DOLLAR COST AVERAGE (DCA), but I don't know if it will be correct in gerund form. w/e. Crashing in an inn while BTC is crashing. Some people are panicking because they don't know if the bull run has come and gone (The shortest bull run). I AM DCA-ING, I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. You guys can spot the low and buy in LUMP. The weak hands will say IT'S GOING DOWN, I'LL SELL. You give your BTC at discount to the whales. For me, if BTC up, I'LL BUY, if BTC down, I'LL BUY. I am not lossing like you because I buy at HIGH and LOW (average). I don't buy with my house rent or with the bucks for beer. I buy with the money I was supposed to save in FIAT.
Now I don't bother if BULL RUN comes or not. If it doesn't happen we wait for 2029/30.
I don't lose, you can only lose if you sell to traders. Remember BTC has halved again, it is more scarce and if you sell your children and grand children not gonna have any BTC left for them.
so i've had some bitters
actually on the bottle it's spelled Alamo bitters
w/e
sue me
(I'll pay during the bull run)
Reference/concept from: I AM HODLING
Now I don't bother if BULL RUN comes or not. If it doesn't happen we wait for 2029/30.
I don't lose, you can only lose if you sell to traders. Remember BTC has halved again, it is more scarce and if you sell your children and grand children not gonna have any BTC left for them.
so i've had some bitters
actually on the bottle it's spelled Alamo bitters
w/e
sue me
(I'll pay during the bull run)
Reference/concept from: I AM HODLING
Well done, welcome to the DCA-ing / DCA-ers club!
I have been DCA-ing for about 2 years now but mostly on the dips. I dont try and
ti.e the bottom its impossible for me, I too tried trading and lost. Only difference is
that a lot of the tome I spend my beer money too!
One thing I do not understand is why people who have money complain when bitcoin dips, why can't they see that's an opportunity for them? Long term holding of bitcoin always pays, you just got to be patient enough. I said people who have money, because I know holding is not easy for those who don't have money, but as long as you have a source of income, you should be able to hold bitcoin for a long term. It just requires planning, discipline and patience.
If you have a source of income, that's all the capital you need to have bitcoin. It's not compulsory to be a trader, just hold your bitcoin and make profit from it. All you got to do is DCA and be patient.
If you have a source of income, that's all the capital you need to have bitcoin. It's not compulsory to be a trader, just hold your bitcoin and make profit from it. All you got to do is DCA and be patient.
The most important word in your post is "patience" there are a lot of people
out there who just have none, they want quick returns so DCA is not what they do.
DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge. A lack of trading skills will lead to losses that's why I would never advise a newbie to start trading until he has gained the required knowledge.
If you are into simplicity, then that is right. This should fit for you. Complicated strategies do also have their own benefits, so this should compensate the hardships that we experience learning them. There are still people who likes being challenged, so they will like it even more. Saying that 'anybody' can adopt this skill seems irrelevant because this includes people who already have an experience.So, definitely they can adopt on it very easily. What you said in crypto trading is true but apart from specialized knowledge, I think we also need a luck here. That being said, losses can still be experienced even for an experienced trader if they lack in luck by the time they make a trade. You have a good advice to the newbies there but it is sad that there are still plenty of them who can ignore it. The losses that they can get must be their karma.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
You are right. It's great for accumulation and watching the market without any fear in fact, because you will buy X anyways no matter the price (BTC, in this example).
This way, you get a middle-ground in terms of price, and, better yet - you don't risk much (if we are talking about BTC
which isn't eaten up by volatility).
Using DCA method gives you a chance to buy Bitcoin without think about the price moving. You only need to focus with when you should buy and collect more Bitcoin. That can also reduce your average buy price which is not too high so when the price start to moves up, you will see how much your profit.This way, you get a middle-ground in terms of price, and, better yet - you don't risk much (if we are talking about BTC
which isn't eaten up by volatility).The important thing is you can have more and more Bitcoin amount using DCA in any low or high price. But you can buy more when you see the price down or getting a correction at the market. You can relax yourself without worry with the market movement because you have your own method to accumulating Bitcoin.
Don't worry about it. Statistically the best traders are those who are dead. I've read that accounts of people who did no changes for the last 20-20 years did above average, so most people take unnecessary risks. My strategy is simple: hold bitcoin because it appreciates and is better than holding fiat money and real estate and I will be able to give it to my children without having to pay any taxes on it because nobody knows that I have it.
Don't trade guys, hold. Every cycle you will be able to take some profit without breaking a sweat.
You have the best advice for those who still hold Bitcoin so they can continue to hold Bitcoin. We only holding fiat to buy our needs and urgent needs and left the rest of the money in Bitcoin. And with buying Bitcoin using DCA method, we can prepare our family future especially when Bitcoin price will surge to the highest price so we can sell it to take the profit. From that profit, we can use it for our family and that can change our life be better so we still have our investment because we can buy back Bitcoin when the price get a deep correction. Don't trade guys, hold. Every cycle you will be able to take some profit without breaking a sweat.
Some people are panicking because they don't know if the bull run has come and gone (The shortest bull run).
Honestly, I had to read your words in parenthesis twice. It made sense that there could be possibility of people with that thought pattern and I won't blame anyone for thinking so as market seems to most times be dipping than it's rallying up. Nevertheless, I think those who've that mindset should peruse historical data so they realize that there's always a post halving rally and we haven't seen that yet. 2025 is the year to be scared if we begin to see this pattern of range we've now. Until then, we aren't in the bear. It's just occasional price corrections we've.but seeing the yearly timeframe of BTC, in 2021 there was some big bear trap that sideline so many traders so expect that there might be some big bullrun as well.
the market dipping so hard doesn't mean it will dips together tbh, if thinking by logic, current recent dip is to make paper holder to sell their bags so the bullrun can sail smoothly.
Yes such bad traders don't really care about price drop and rise. I love bad traders like you, because I love the DCA method and the DCA method user. This method allows you to buy bitcoins at any time. Whether the Bitcoin market is bullish or bearish doesn't stop you from continuing to invest in your DCA method.
Regardless of being a bad trader, but you know how to DCA, and you have a lot of patience to hold, you will still be profitable in the end. Don’t mind being a bad trader because that will be learned in time, but seizing every opportunity that comes and buy as much as you can, whether it’s bullish or bearish, then that makes you highly profitable in the future. Just don’t let greed take your bitcoin investment, because it will never create positive outcome as far as I know.Don't understand also why he talk about trading if he want to do DCA. Since there's no point for try other risky matter since it will just ruin everything you do especially with your portfolio built up using DCA method.
Maybe best with that is to focus on his accumulation and forget about trading because, there's huge risk that he would just use his accumulated funds on trading especially if he lose since they might think about take that funds and then repay what he used after he earn or recover his money from trading which is really another bad decision to be done.
I guess he's just confused about the words he used and its fine since somehow people can improve the way how they handle their strategy learn and implement it to real time especially with their investment made with bitcoin.
DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge.
We have many bad traders but they do not admit it because they think people will laugh at them and still they do not stop trading. Just as we have gambling addicts, we have trading addicts and since people do not talk about them that much, many others do not know that we have people that have a problem of trading. You can make profits from trading but do not do it when you know you are not good at doing it. Just as the OP has said, you can DCA and you will still have a good result at the end of the day because those who are investing are not going to be losing as those who are trading are doing. Trading is only good when you can be guaranteed that you are good at it but investing can be done by everyone without considering if you have studied how to invest or not, by just DCA and you are good.
Kudos for you because you admit that you are a bad traders
I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.
I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.
Don't worry about it. Statistically the best traders are those who are dead. I've read that accounts of people who did no changes for the last 20-20 years did above average, so most people take unnecessary risks. My strategy is simple: hold bitcoin because it appreciates and is better than holding fiat money and real estate and I will be able to give it to my children without having to pay any taxes on it because nobody knows that I have it.
Don't trade guys, hold. Every cycle you will be able to take some profit without breaking a sweat.
Some people are panicking because they don't know if the bull run has come and gone (The shortest bull run).
Honestly, I had to read your words in parenthesis twice. It made sense that there could be possibility of people with that thought pattern and I won't blame anyone for thinking so as market seems to most times be dipping than it's rallying up. Nevertheless, I think those who've that mindset should peruse historical data so they realize that there's always a post halving rally and we haven't seen that yet. 2025 is the year to be scared if we begin to see this pattern of range we've now. Until then, we aren't in the bear. It's just occasional price corrections we've. DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge. A lack of trading skills will lead to losses that's why I would never advise a newbie to start trading until he has gained the required knowledge. One of the benefits of applying the DCA strategy is it spreads the investment risks. Since the person bought at a different price, the risk of losing is minimized. The lump sum strategy is risky but one can take advantage of it if the price drops significantly.
They can use DCA method to buy Bitcoin by using a schedule so they will not miss the time to buy Bitcoin. They also don't have to think much about the price because their purpose to buy Bitcoin is about accumulating more Bitcoin until it is enough to stop. This method is easy to use because they need to prepare the money and know when they should buy Bitcoin and hold it for some time.Many people benefit using DCA method so this time, they still trying to use DCA to accumulate more Bitcoin. Besides that, this strategy helps people who doesn't have much time to analyze and trade because their focus is only saves as many Bitcoin as they can using DCA.
You are right. It's great for accumulation and watching the market without any fear in fact, because you will buy X anyways no matter the price (BTC, in this example).
This way, you get a middle-ground in terms of price, and, better yet - you don't risk much (if we are talking about BTC
which isn't eaten up by volatility). hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge. A lack of trading skills will lead to losses that's why I would never advise a newbie to start trading until he has gained the required knowledge. One of the benefits of applying the DCA strategy is it spreads the investment risks. Since the person bought at a different price, the risk of losing is minimized. The lump sum strategy is risky but one can take advantage of it if the price drops significantly.
They can use DCA method to buy Bitcoin by using a schedule so they will not miss the time to buy Bitcoin. They also don't have to think much about the price because their purpose to buy Bitcoin is about accumulating more Bitcoin until it is enough to stop. This method is easy to use because they need to prepare the money and know when they should buy Bitcoin and hold it for some time.Many people benefit using DCA method so this time, they still trying to use DCA to accumulate more Bitcoin. Besides that, this strategy helps people who doesn't have much time to analyze and trade because their focus is only saves as many Bitcoin as they can using DCA.
Kudos for you because you admit that you are a bad traders
I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.
DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge. A lack of trading skills will lead to losses that's why I would never advise a newbie to start trading until he has gained the required knowledge. One of the benefits of applying the DCA strategy is it spreads the investment risks. Since the person bought at a different price, the risk of losing is minimized. The lump sum strategy is risky but one can take advantage of it if the price drops significantly. I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.
Yes such bad traders don't really care about price drop and rise. I love bad traders like you, because I love the DCA method and the DCA method user. This method allows you to buy bitcoins at any time. Whether the Bitcoin market is bullish or bearish doesn't stop you from continuing to invest in your DCA method.
Regardless of being a bad trader, but you know how to DCA, and you have a lot of patience to hold, you will still be profitable in the end. Don’t mind being a bad trader because that will be learned in time, but seizing every opportunity that comes and buy as much as you can, whether it’s bullish or bearish, then that makes you highly profitable in the future. Just don’t let greed take your bitcoin investment, because it will never create positive outcome as far as I know.Kudos for you because you admit that you are a bad traders
I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.
I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.
It's essential to admit your mistakes that have been made and grow in terms of experience upon them. It's heartwarming to see everybody sharing their paths there
One thing thay I love about the DCA method of bitcoin accumulation is because it allows you to buy with very little amount and pile it up overtime before you know it you will be surprised at the size of your bitcoin portfolio. Slow and steady wins the race is better than waiting for the dip that may or may not come.
This is the method that I have being using to accumulate bitcoin for sometime now and it is really effective because i do not expect I could have this size of bitcoin that is in my wallet assuming I didn't use DCA because I am a low income earner.
This is such a great point, I mean if you just do 50 dollars a month, that would be 600 dollars a year, and in 5 years that would be 3k dollars, with some increase in bitcoin you have more than 10k in most cases, that's a good enough money as a capital for most things.This is the method that I have being using to accumulate bitcoin for sometime now and it is really effective because i do not expect I could have this size of bitcoin that is in my wallet assuming I didn't use DCA because I am a low income earner.
You want more? In bitcointalk, you could literally make 50 dollars a week in most campaigns, do not consider that as income, keep it in, that would be 2600 dollars a year (52x50) and that means in 3 years you would have 7800 dollars, with some increase that could be as high as 20k or more, in 5 years that could be near 50k if bitcoin goes well with next bull run as well. So, when you invest just a bit, it would be insanely good overtime because of the accumulation, you never put too much at once, but it collects to be huge.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Kudos for you because you admit that you are a bad traders
I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.
I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.
Yes such bad traders don't really care about price drop and rise. I love bad traders like you, because I love the DCA method and the DCA method user. This method allows you to buy bitcoins at any time. Whether the Bitcoin market is bullish or bearish doesn't stop you from continuing to invest in your DCA method.
Regardless of being a bad trader, but you know how to DCA, and you have a lot of patience to hold, you will still be profitable in the end. Don’t mind being a bad trader because that will be learned in time, but seizing every opportunity that comes and buy as much as you can, whether it’s bullish or bearish, then that makes you highly profitable in the future. Just don’t let greed take your bitcoin investment, because it will never create positive outcome as far as I know. 
I will agree to continue buying and accumulating bitcoin until I reach my target. don't care about price increases, and negative news that will make me skeptical. I will only focus on one point and walk straight to my goal. because my goal is still long as long as there are no problems with my finances, keep collecting if there is a price reduction it is a discount to continue accumulating. and it would slow down buildup if I relied on waiting for price drops. besides that, I am not a psychic who can predict when the price of bitcoin will fall, so as long as there is money that can be allocated for regular purchases there is no obstacle to continuing to accumulate
Yes before investing we should set a target and make sure that we don't stop investing until we reach that target. Whenever we invest whether the market goes dips or bulls, we focus on our investments so that we are able to keep our investments moving. If we do DCA regularly, we may not have to wait for the market to drop, because this method allows us to buy any amount of Bitcoin at any time. Be it small or big. If one always waits for the dip season in the market then his investment may not grow because he will only wait to buy at low prices instead of investing regularly.This is the method that I have being using to accumulate bitcoin for sometime now and it is really effective because i do not expect I could have this size of bitcoin that is in my wallet assuming I didn't use DCA because I am a low income earner.
Jump to: